End of the Petro Dollar and the Failure of the Carbon Currency End Game.

What else do superpacs prove Norm other than elections are bought and sold , its the new Bread and Circuses, of course the Roman Decline was characterised by ever greater and more expensive spectacles.

On the Three City States, the Washington Wall Street regime is fully bought and paid for, The City of London the second City State is up to its eyes in it to, with the debasement of money and its stake in the corrupt petro dollar.

What of the Thrid City State, sold out to Usury so long ago and , the present Pontiff on past form would be a good bet for a Hit? Remember the Smiling Pope.

Six point plan[edit]
After he became pope he had set six plans down which would dictate his pontificate:

To renew the church through the policies implemented by Vatican II.
To revise canon law.
To remind the church of its duty to preach the Gospel.
To promote church unity without watering down doctrine.
To promote dialogue.
To encourage world peace and social justice.7

Strangely familiar, that from 1978.

Over the past 40 years Norm the Neo Liberal metaphysics of Corrupt Economic dogma has delivered according to plan but has created havoc in the fabric of western societies and Democracy is dead all that survives is a Caricature, and a Well made up Pig it is as well, the lipstick isn’t working.

I am no defender of Putin and his brand of narrative democracy, he is though right on the Crimea and Ukraine, Kerry et al have been caught with their imperialist pants down and should have the good grace to Man up and go back to some basic education for Morons, which they so clearly are. One trained Chimp in the Whitehouse before Obama ( yet more proof of the buying of elections ( hanging Chads anyone)

Lets also throw into the mix the huge disenfranchisement of Black and Hispanic Americans through mass incarceration and crimnnalisation see The New Jim Crow for details,( Bi Partisan neo liberalism at its Best Clinton, was the worse offender and Obama is out bushing both bushes ( go figure) well maybe its the money in politics? Maybe? damn right thats what it is.

Norm,
I read that article and I also subscribe to the CFR Web site really just to keep up with the party line as it were.

Have you ever read into the psychological phenomenon of Projection? its something we all do to fill in the gaps of our always incomplete picture of what is before us to consider. We fill in the gaps from our own generalized experience or remembered learning or we just make it up to fit with a set of policies we subscribe to mentally.These extrapolations of generalisations is a peculiar sort of game of chinese whispers the conclusions are hit and miss shall we say.

What I found interesting in the CFR article is its projection of its Occidental mores and hobbyhorses onto Putin. I read Gregory Bateson an Ecology of mind Yesterday and his description of the sorts of generalizations and Extrapolations made in Mechanistic scientific epistemology and why they are not useful where we forget their limited usefulness is worth bearing in mind as well of course as the famous Dictum,´´ Those who the Gods despise they first make mad´´

I watched the Film of the same title by Gregories Daughter which was excellent and decided it was time to read the book I only discovered Gregory through reading some Margaret Mead . Going back to you Paranoid point , I would highly recommend some consideration of what is projection and what is actually being said.

Notice the hypocrisy of the US complaint that Russia’s bans on Ukraine goods is “politically motivated”.

What the heck are US sponsored sanctions if not “politically motivated”. Was Obama dumb enough to believe Russia would not respond? Or did he simply not care about the consequences to Ukraine and Europe?

By now, two things should be crystal clear

Russia has the upper hand.
More sanctions cannot possibly help.

Finally, the statement by Nuland regarding “reverse flows of natural gas from Slovakia, from Hungary, from Poland,” is preposterous.

For starters, the infrastructure is not in place. But even if the infrastructure was in place, precisely where are Slovakia, Hungary, and Poland going to get the gas to send to the Ukraine?

The apparent answer is Russia, and Russia can cut off all gas to Europe in response.

The only thing missing in this sorry charade is more counterproductive bellowing from senator John McCain about putting missiles in Georgia.

The EU gets some 30% of its gas, the fastest-growing energy source there, from Russia today. In 2007, Russia’s Gazprom supplied 14 percent for France, 27 percent for Italy, 36 percent for Germany, with Finland and the Baltic states receiving as much as 100 percent of gas imports from Russia.

The EU has no realistic alternative to Russian gas. Germany, the largest economy, has foolishly decided to phase out nuclear power and its “alternative energy”—wind power and solar–is an economic and political disaster with consumer electricity costs exploding even though alternatives are a tiny share of the total market.

In short, the chimera of shutting Russian gas and turning on US gas instead is economic, energy and political nonsense.

´´Across many fronts, Washington is emerging in the world’s eye as duplicitous, untrustworthy, and totally corrupt. A Securities and Exchange Commission prosecuting attorney, James Kidney used the occasion of his retirement to reveal that higher ups had squelched his prosecutions of Goldman Sachs and other “banks too big to fail,”because his SEC bosses were not focused on justice but “on getting high-paying jobs after their government service” by protecting the banks from prosecution for their illegal actions.

END OF THE PETRO DOLLAR AND THE FAILURE OF THE CARBON CURRENCY END GAME.
Memory Holed Link.
WAYBACK MACHINE REPAIR.

This audacious recklessness comes on top of Washington’s overthrow of the Ukrainian government, the NSA spying scandal, Seymour Hersh’s investigative report that the Sarin gas attack in Syria was a false flag event arranged by NATO member Turkey in order to justify a US military attack on Syria, Washington’s forcing down Bolivian President Evo Morales’ presidential plane to be searched, Saddam Hussein’s “weapons of mass destruction,” the misuse of the Libyan no-fly resolution for military attack, and on and on. Essentially, Washington has so badly damaged other countries’ confidence in the judgment and integrity of the US government that the world has lost its belief in US leadership. Washington is reduced to threats and bribes and increasingly presents as a bully.´´

Dr Paul Craig Roberts

Paul Craig Roberts (born April 3, 1939) is an American economist and a columnist for Creators Syndicate. He served as an Assistant Secretary of the Treasury in the Reagan Administration and was noted as a co-founder of Reaganomics.[1] He is a former editor and columnist for the Wall Street Journal, Business Week, and Scripps Howard News Service. He has testified before congressional committees on 30 occasions on issues of economic policy.( From Wikipedia.)http://en.wikipedia.org/wiki/Paul_Craig_Roberts

During the 21st century, Roberts has frequently published in Counterpunch, writing extensively about the effects of the Bush (and later Obama) administrations related to the War on Terror, which he says have destroyed the US Constitution’s protections of Americans’ civil liberties, such as habeas corpus and due process. He has taken positions different from former Republican allies, opposing the War on Drugs and the War on Terror, and criticizing Israel’s policies and actions against the Palestinians.[2]

The ignorance in even educated circles as to money , its role and its creation and use as a social control tool is at the heart of the present democratic crisis.

http://praxeology.net/FB-PJP-DOI-IV-9.htm
Back in 1850 Batiat and Proudhon debated the issue of Usury, letter 9 of the exchange Proudhon to Bastiat hits the nail on the head then and it applies now just as well.
Did you ever, in your life, hear of the Bank of France? Do me the favor to visit it some day; it is not far from the Institute. There you will find M. d’Argout, who knows more about Capital and Interest than you and all the economists of Guillaumin. [D’Argout: Antoine Maurice Apollinaire d’Argout (1782-1858), governor of the Bank of France from 1834 to 1857. Guillaumin: the chief publishing house associated with the French liberal movement. – RTL] The Bank of France is an association of capitalists, formed fifty years ago, at the solicitation of the State and by a privilege granted by the State, for the purpose of

Levying Usury Upon the Whole of France.

From its beginning it has not ceased to grow: the Revolution of February, by joining with it the Departmental Banks, made it the first power in the Republic. The principle on which this association was formed is yours precisely. They said: We have obtained our Capital by our labor or by that of our fathers. Why then, in return for making it an aid to general circulation and for devoting it to the service of our country, should we not draw a legitimate salary, since the landlord derives an income from his land; since the builder derives an income from his houses; since the merchant gets a profit on his goods over and above his running expenses; since the workingman who lays our floors includes in the price of his day’s work a charge for the use of his tools which certainly more than covers the amount which they cost him?
DOI-IV-9.20 There could be, as you see, no more plausible argument. It is the argument which has always, and with reason, been opposed to the Church when she has condemned Interest as distinct from Rent; it is the argument which you fall back on in every one of your letters.
DOI-IV-9.21 Now, do you know where the stockholders of the Bank of France, all of whom, including M. d’Argout, I regard as very honest people, have been led by this seductive reasoning? – To robbery; yes, sir, to the most unmistakeable, shameless, detestable robbery; for it is this robbery alone which, since February, has suspended Labor, hindered business, caused the people to die of cholera, hunger and cold, and which, with the secret intention of restoring the monarchy, is breathing despair among the working classes.
DOI-IV-9.22 It is right here that I propose to how you how Interest passes from legitimacy to illegitimacy, and, what will surprise you still more, how paid Credit, the moment that it ceases to rob, the moment that it claims only the price which legitimately belongs to it, becomes gratuitous Credit.
DOI-IV-9.23
What is the Capital of the Bank of France?
DOI-IV-9.24 According to the last inventory, ninety millions

Norm in a previous exchange we had regarding private bank creation of money you felt that the Bank of Englands recent report which explicitly says they so did not in fact say this.

James Robertson an expert in these matters for many years has this to say in his latest blog about the paper from the Bank of England I directed you to.
(3) “There will be many people who don’t care, there will be many more who don’t understand, and there will be boatloads who refuse to believe it’s true, but it still is.”

China Know it, Russia Knows it India and the other BRICS know it, the Fed money printing has completely laid bare any legitimacy the Unite States may have had in the past as a sound reserve currency. The History of debasement of monies and failing regimes even long lasting ones is all to clear.
´´Can you picture what will be
So limitless and free
Desperately in need…of some…stranger’s hand
In a…desperate land
Lost in a Roman…wilderness of pain´´

Everything! There is nothing in this our life that could be brought about or that could be brought to fruition or that could be changed without money. It is not about venality. It is not about being materialistic.

Money is a medium of exchange. It is necessary and it is vital. We cannot make do without money. Barter is fine and can work in a small community. But to expand outside of the community and to engage in intellectual pursuits, we must be able to put a value on things and ideas. Placing a value on things allows us to exchange items and ideas for units of value that can be transported and exchanged for other items and ideas.´´

I have been reading Guido for a number of years our intellectual journeys are not dis similar, we both made money in London and then reflected on some anomalies we both encountered after stepping out side of the rat race.

Guido is more pessimistic than I am but a very big destructive war is considered by some to be in their best interests, Putin is not one of those people.

The Financial Lobby Problem in the EU.
In total, our calculations show a sum of about €123,000,000/ year spent by the financial industry lobby; and by contrast, less than €4,000,000 for NGOs, trade unions and consumer organizations. This means that the financial industry is out- spending civil society counterparts by a ratio of at least 30:1. Comparing this measure to previous studies on other indus- tries’ lobby power, such as the pharmaceutical, food or tobac- co lobby this means an extraordinary imbalance of power.

We believe this is a serious problem for democ- racy, not only in that money buys influence, but that the financial industry that has caused so much havoc is able to shape legislation de- signed to reform the sector. This situation is an extremely risky one for society at large, if it is allowed to continue.
In the short term, decision-makers need to wake up to these facts and take strong measures to curb financial industry lobbying influence. First steps for a more sustainable political environ- ment for financial regulation in the EU include: ˍ reducing banking lobbyists in advisory groups
to a minimum; ˍ reducing lobbying meetings with Commission
officials; ˍ rules on revolving doors; ˍ and a code of conduct on lobbying ethics and
full transparency about contact with banking lobbies.
But transparency alone will not be enough on the road to a more equitable, democratic, and sustainable system of financial regulation at the EU level. Decision-makers also need to recognise that, particularly in the wake of the crisis, the field of financial regulation is of key interest to a far broader public audience. Politicians will have to address the dominance of the financial lobby that we examine in this report.

Ukraine, the petro Dollar and why Russia Selling oil and Gas in Roubles and issuing bonds iin Yuan is so disastrous for US inflation and the hegemony of the petro dollar.
See this video at 7 minutes, watch the whole series for the 101 on money as FIAT and how long systems have typically lasted.

The other Narrative that has not had plain sailing is the anthropomorphic Climate change one
and perhaps the reason it is also being held on to so hard is that Carbon Trading could be a good basis for a global Currency.

Cheers Stevie, like all of us I keep scratching around for the pieces to the puzzle. It's like trying to pair socks much of the time, the matching colour seems always to hide in the most unlikely place.

I keep intending to throw all my old socks out in order to replace them with a couple of packs of the same colour & type, so it doesn't matter how they come out of the washing machine.

Achieving cognitive rather than sock consonance is perhaps impossible as there is always going to be another coloured sock of dissonance turning up which constantly has to be reconciled or simply lived with in order to avoid a closed supposedly all knowing, self justifying mind.

At least we are scratching around unlike many, which is illustrated by some of those commenting today on the Ukraine in the Guardian. The fact that they seem to believe that the West & it's leaders still possess the high moral ground, despite the enormous evidence to the contrary speaks volumes. It does however seem that more people are realising that the sock drawer is a multi-colour tangle of odd socks rather than a neat & orderly pile separated into stacks of black & white.

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